VSParticle (VSP) - the leading supplier of nanoparticle synthesis and deposition tools - has raised a €6.5 million A2 extension round led by NordicNinja and previous investor Plural to continue its mission to unlock a century of material innovation in the next 10 years.
VSP’s revolutionary technology enables materials to be broken down to the size of nanoparticles and produced at the push of a button, allowing university researchers and commercial R&D teams to experiment to create new materials that will power next-generation products. It can take up to 10 years to discover new materials in a lab and a further five to bring them to mass production, but VSP’s technology is supporting teams to reduce the overall time of material discovery down to only one year.
VSParticle has shipped its flagship product, the VSP-P1 Nanoprinter, to teams across Asia, the Middle East, Europe, and North America including the Sorbonne University Abu Dhabi, the San Francisco-based Lawrence Livermore National Laboratory, the Materials Discovery Research Institute (MDRI) in Chicago area, and the Dutch Institute for Fundamental Energy Research over the past year, who are using it to accelerate material development for innovative industrial solutions.
In particular, VSP’s technology is enabling the mass production of catalyst-coated Porous Transport Layers (PTLs), which are the key components in electrolyzers and are essential to the production of green hydrogen. Green hydrogen is essential to reduce dependence on fossil fuels and power a more sustainable future for industries such as shipping, transport, heating, and aviation, yet the process currently relies on using scarce resources including platinum and iridium.
ustomers are using VSP printers to develop new material combinations for PTLs, with a predicted 10x savings in scarce metals, such as iridium, and introduce new products faster and cheaper. By 2027, the first components that have been developed using VSP’s technology should be in the market, creating the end product that will support green hydrogen production. This will support global net zero goals - the IEA estimates that the world will need to produce 306 million tonnes of green hydrogen annually to reach carbon neutrality by 2050, with the EU and Japan, in particular, focusing on prioritizing this clean energy source.
VSP empowers R&D teams in labs today and its future-proof technology positions it at the forefront of the self-driving lab revolution. An increasing number of VSP customers are pioneering autonomous labs that integrate robotics, AI, and high-throughput material synthesis to accelerate ground-breaking discoveries crucial for addressing urgent global challenges like sustainable energy. VSP's advanced technology ensures top-tier material synthesis, paving the way for future innovations in nanotechnology and novel materials for the energy sector.
The new funding, which included participation from previous investor Hermann Hauser Investment, brings the total raised by VSParticle to €24.5 million. The new investment will be used to further the development of VSP’s technology so its next-generation printers have up to 100 times higher output and will also support the company in expanding to Japan and doubling down in the US and Europe.